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  • OT: Want An Impartial Investment Discussion Group

    I hope this does not degenerate into politics. But I want a discussion group that is impartial. I want a group of investors, not companies offering to sell you something. Does such an animal exist? An internet search seems to return only groups that are set up by companies in that are selling stocks or services.

    Please, please, PLEASE keep the politics out of this. I am looking for financial information, not political. I ask this here because there is so much good sense here that I hope I can find a good answer.
    Paul A.

    Make it fit.
    You can't win and there is a penalty for trying!

  • #2
    Paul,

    Try this site. https://www.stockgumshoe.com/

    Comment


    • #3
      is this a group of investors that you're hoping will invest in something you make/ sell/ own or a group of investors that invest in something you're interested in investing in and so will be able to offer you advice in what to invest in yourself?

      Comment


      • #4
        "I want a group of investors, not companies offering to sell you something."

        You mean like hard goods? Like an automobile. Cant you buy automobiles from manufactures as a dealer and sell them at a profit?

        Too rich for you blood? How bout US Savings bonds.

        Or the new thing "go fund me". That is a type of investment. JR
        My old yahoo group. Bridgeport Mill Group

        https://groups.yahoo.com/neo/groups/...port_mill/info

        Comment


        • #5
          If you are looking for investment advice, the best idea may be to talk to what is known as a "fee only" advisor. The person should be a Certified financial Planner (CFP).

          The fee-only planners do NOT get any kickbacks from anywhere, they are paid by you, and work for you. My wife , who is a pension actuary, also has worked for fee-only planners, so I am pretty familiar with the setup.

          Unfortunately, as you know, many of the standard advisors are working for their own pocketbook. We have seen, among our friends, all sorts of shenanigans pulled on them. One really interesting example of what NOT to do, was that one advisor had set up a friend of ours with a tax free investment inside a tax deferred investment (IRA). That is of course awfully silly to do, and can only be because he was paid a commission to do it.

          I am not sure that an investment forum is the best place to get advice, but it may be lots better than a hobby machining forum.......

          if you want to "reel in" some investorsfor a venture of some sort, dunno, there may be better places to do that also, but I do not know them.
          1601

          Keep eye on ball.
          Hashim Khan

          Comment


          • #6
            Originally posted by Paul Alciatore View Post
            I hope this does not degenerate into politics. But I want a discussion group that is impartial. I want a group of investors, not companies offering to sell you something. Does such an animal exist? An internet search seems to return only groups that are set up by companies in that are selling stocks or services.

            Please, please, PLEASE keep the politics out of this. I am looking for financial information, not political. I ask this here because there is so much good sense here that I hope I can find a good answer.
            Something like this?

            www.bogleheads.org

            (Disclaimer: I don't know anything about it -- it was the second hit on a Google search of "investment forum")

            Comment


            • #7
              The investment discussion group idea is popular. I have a friend who has a similar problem in finding a discussion group that is truly independent. It seems that they attract those who have vested interests in the discussions.

              If you decide to go with a CFP, keep in mind that they are working for a living, so they have not found a way to become independently wealthy either.

              Dan
              At the end of the project, there is a profound difference between spare parts and extra parts.

              Comment


              • #8
                Originally posted by danlb View Post
                ...

                If you decide to go with a CFP, keep in mind that they are working for a living, so they have not found a way to become independently wealthy either.

                Dan
                One that my wife worked for was in fact rich and did it only for something to do, basically. Most investment advisors are quite well off.
                1601

                Keep eye on ball.
                Hashim Khan

                Comment


                • #9
                  I think this is a great idea especially if they make kids coats & jackets for 1/2 the price shown. Sure blew past their goal. https://www.indiegogo.com/projects/b...for-everyone#/
                  "Let me recommend the best medicine in the
                  world: a long journey, at a mild season, through a pleasant
                  country, in easy stages."
                  ~ James Madison

                  Comment


                  • #10
                    Originally posted by Paul Alciatore View Post
                    I hope this does not degenerate into politics. But I want a discussion group that is impartial. I want a group of investors, not companies offering to sell you something. Does such an animal exist? An internet search seems to return only groups that are set up by companies in that are selling stocks or services.

                    Please, please, PLEASE keep the politics out of this. I am looking for financial information, not political. I ask this here because there is so much good sense here that I hope I can find a good answer.
                    The previously mentioned Bogleheads is good also I'd suggest

                    http://www.early-retirement.org/forums/f44/

                    Comment


                    • #11
                      Originally posted by J Tiers View Post
                      One that my wife worked for was in fact rich and did it only for something to do, basically. Most investment advisors are quite well off.
                      making say 700M/year definitely makes you well off, but it doesn't let you stop working. Some brokers I know are very wealthy, but most make a lot and have the lifetstyle to go with it so don't have 10's of millions in the bank. Getting rich happens when you get your stock wholesale....guy I know just sold his business for $420MM.....he still had 5%. Business started in 2011. That's how to get rich....create something someone else wants, build it and sell it.
                      Last edited by Mcgyver; 12-21-2017, 09:35 AM.
                      .

                      Comment


                      • #12
                        Originally posted by Paul Alciatore View Post
                        I hope this does not degenerate into politics. But I want a discussion group that is impartial. I want a group of investors, not companies offering to sell you something. Does such an animal exist? An internet search seems to return only groups that are set up by companies in that are selling stocks or services.

                        Please, please, PLEASE keep the politics out of this. I am looking for financial information, not political. I ask this here because there is so much good sense here that I hope I can find a good answer.
                        There are lots investment forums, however imo they populated with buffoons. People who wouldn't know how to read a statement if their lives depended on it and act more like cheerleaders than intelligent investors. Maybe there are private ones that are better, I've never seen them and view investment really as a individual task

                        I always liked the idea (but haven't done it) of an investment club - say 8 guys who have regular meetings and rotate responsibilities for finding opportunities and presenting their analysis on them. Each puts in a bit of cash. At a personal level, looking good to the group through a good analysis becomes the driver....whereas on the anonymous forums they're just an open mic to a sea of BS and noise
                        Last edited by Mcgyver; 12-21-2017, 10:09 AM.
                        .

                        Comment


                        • #13
                          Originally posted by Mcgyver View Post
                          making say 700M/year definitely makes you well off, but it doesn't let you stop working. Some brokers I know are very wealthy, but most make a lot and have the lifetstyle to go with it so don't have 10's of millions in the bank. Getting rich happens when you get your stock wholesale....guy I know just sold his business for $420MM.....he still had 5%. Business started in 2011. That's how to get rich....create something someone else wants, build it and sell it.
                          Yep, it just moves you to a different level of consumerism..... Gated community, maid services, lawn services, this service, that service, community fees, etc..... Oh, and don't forget the expensive prep school for little Brandon and little Muffy... a couple G-class SUVs, etc, etc.

                          If somehow you AVOID that, you can pack away enough in a few years that you really CAN afford that stuff.

                          The CFP my wife worked for had clients who made a LOT of money, and many of them were in debt just like the poor sap who works at Walmart..... just bigger debt.
                          1601

                          Keep eye on ball.
                          Hashim Khan

                          Comment


                          • #14
                            If real estate is your cup of tea BiggerPockets.com has some very active forums and some very astute people mixed in with the usual buffoons who just want to get rich quick. I'm in RE, I don't own any equities. I can fix up and manage my own properties, they're real, while I view Wall Street as a rigged casino.

                            Comment


                            • #15
                              I'm curious...what rate of return would you guys expect on a conservative investment portfolio?

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